Economic Forecast Index Sees Weakness Into 2008 The Conference Board said that its index of leading economic indicators fell 0.5 percent in October while another report showed that consumer confidence weakened this month.... Read Full Article Music: Adding Notes To A Folklorist’s Tunes An album of 1940s field recordings gives an expansive view of the black vernacular music of the time.... Read Full Article Looking Ahead: The Week’s Major Economic Reports COMPANY REPORTS It is a light week for earnings, with reports coming from Tiffany and Walgreen (Monday); SAIC (Tuesday); Oracle (Wednesday); the Apollo Group, ConAgra Foods, Lennar and Red Hat (Thursd... Read Full Article Drug Trade, Once Passing By, Takes Root In Mexico As cartels have grown in power, they have opened up local markets for cheap forms of highly addictive drugs.... Read Full Article Share Plunge As Florian Homm Quits Absolute Absolute Capital Management, a London-listed hedge fund with $3.2 billion ($£1.6 billion) of assets, was plunged into uncertainty today after its co-founder and joint chief investme... Read Full Article |
World Business Briefing: Sweden: SCA Names Chief ExecutiveSvenska Cellulosa, Europes biggest tissue maker, named Jan Johansson chief executive, succeeding Jan Aastroem, who will step down in a surprise reshuffle of top management. Mr. Johansson, 52, is currently chief of the copper company Boliden. He will join Svenska Cellulosa, based in Stockholm and known as SCA, within three months, the company said. The finance chief, Lennart Persson, will be the acting chief in the meantime. During Mr. Aastroems five-year tenure, SCAs shares gained 7.2 percent, trailing the 60 percent jump in Swedens OMX Index, as industry overcapacity weighed on tissue prices and earnings. Mr. Aastroem cut 3,600 jobs and closed 20 production lines to restore profitability. Bolidens stock more than quadrupled during Mr. Johanssons six years as chief. At SCA, Mr. Johansson has been given a mandate to expand in China and other emerging markets. Tag CloudExternal InformationAdditional InformationIndexes End Turbulent Week on Plus Side...Move Over Mickey: A New Franchise at Disney... Hoyts dumped at $100m loss to PBL, WAN... $7,900 Valentino Gowns, a Click Away... Where Am I?News Main Page - Business - World Business Briefing: Sweden: SCA Names Chief Executive |
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